Pagkakaalis ng Pilipinas sa grey list ng FATF, ikinatuwa ng isang financial analyst at economist

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Transcript

00:00The Philippines' departure from the Financial Action Task Force Greylist is a good news.

00:06After more than three years in the Mike Abelive program,

00:11Professor Astro del Castillo, a financial analyst and economist, said that it will attract more investments in the country.

00:20And investors and financial institutions will be more reliable.

00:25Other corporations will also benefit, including overseas Filipino workers, because their transaction costs in other countries will be reduced.

00:35There will be no more worries if the OFWs in the Philippines send money.

00:41As for the issue of gold reserves, according to del Castillo,

00:46because the officials of the Central Bank of the Philippines trust to sell gold to meet the needs of the government.

00:56Sometimes, gold is also sold to meet the needs of the government.

01:04And sometimes, if the product is too expensive, it is also right to sell it at a high price to use it properly.

01:15It's a matter of managing it.

01:17So, for now, we haven't seen anything wrong with it.

01:22And even last year, they declared how they use this asset, this gold.

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Transcript

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